Markets & Finance

Goodrich Gets a Piece of the Joint Strike Fighter Pie


Goodrich (GR) will supply landing gear and lead the landing system integration effort for the Lockheed Martin-led Joint Strike Fighter program. The company sees potential value at $4B-$5B over life of new fighter jet program, excluding foreign military sales.

Goldman says its survey reinforces its view for a continued slowdown in consumer e-commerce. It remains selective within group with EBAY (EBAY) and 1-800-FLOWERS.com (FLWS) on its recommended list.

Vishay Intertech( VSH ) posted $0.02 3Q loss vs. $1.22 EPS from operations on 50% lower revenue, gross margin decline. The company says that with the addition of General Semiconductor, Q4 shipments should be higher than Q3, but significantly below last year.

Sprint's local telecom division awarded Nortel Networks (NT) with supply, services agreement worth about $1.1 billion over four years.

Merrill downgraded GAP (GPS) to near term neutral from buy, but maintains its long term buy rating.

CIBC World upgraded CMS Energy (CMS) to buy from hold. On Nov. 2, the company agreed to sell all of its interests in Equatorial Guinea, West Africa, to Marathon Oil for about $1 billion.

Suiza Foods (SZA) reduced its 3Q EPS estimate by $0.12 to $0.98. It cited weak results at minority-owned Consolidated Container Co. BoA says the shares still very inexpensive despite the shortfall.

Aquila (ILA) posted a $0.37 vs. $0.27 3Q EPS on 10% sales rise.


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